There are still some new home developments going up around Gwinnett County, GA. Even though we keep hearing on the TV and radio that new construction has all but stalled, it hasn’t completely stopped.
And, December is traditionally the slowest month of the year for homes to go under contract (January is the slowest for closings…). So, there are a number of builders that are offering incentives for buyers during this time of year.
Without a doubt, EVERYONE is looking for a deal if they are in the real estate market. Barely a day goes by that I don’t get a call asking me about foreclosures and short sales.
In December of 2007, we hadn’t given almost a billion dollars to banks. But the government and the blogosphere was abuzz with talk about bailing out home owners.
There are some terms that we toss around in the real estate industry as if people knew what we were talking about… Absorption Rate is one of those terms.
It isn’t complicated, but if you are unfamiliar with the term, if can be confusing. And unlike “Bacon Double Cheeseburger”, it isn’t really self explanatory.
Maybe you noticed on Wednesday that we started a series called Wayback Wednesday… In it we are showcasing a post from two years ago. Well, we are doing something with posts from a year ago as well… FlashBack Friday.